at 35 shillings Flemish per pound sterling; between Am sterdam and Paris 53 grotes Flemish per ecu of 3 francs; and between Paris and Cadiz 15 francs 50 centimes per doubloon of pate. What is the arbitrated price between London and Cadiz ? 1 dollar of plate. 53 grotes Fl. 1 shilling Fl. The result is 3944 d. sterling per dollar of plate. The circuitous operation is, therefore, the most advantageous, as London gets 39 d. nearly, instead of 38 d. for each dollar of plate. 129. London having a sum to receive in Lisbon, when the exchange is at 64 d. sterling per milree, draws on Lisbon, but remits his bill to Hamburgh to be negotiated, and directs the returns to be made to him in bills on Leghorn; the exchange between Hamburgh and Lisbon being 45 grotes Flemish per old crusado; between Hamourgh and Leghorn 85 grotes Flemish per pezza; and between London and Leghorn 52 d. sterling per pezza. What is the arbitrated price between London and Lisbon? and what does London give per milree by the circuitous exchange? 130. A merchant in London has a sum to pay in Petersburg, and another to receive in Genoa; but there being no regular exchange between these places, London draws on Hamburgh, and remits his bill to Petersburg, directing Hamburgh to draw on Genoa; the exchange between London and Genoa being 46 d. sterling per pezza; between Hamburgh and Genoa 81 grotes Flemish per pezza; and between Petersburg and Hamburgh 23 chillings Lubs per ruble. What is the exchange betwcen London and Petersburg resulting from the operation? that is, how many pence sterling does London pay for the ruble? 131. A merchant in the United States has funds in Paris, and owes a sum of money in Hamburgh; he draws on London, remits his bill to Hamburgh, and directs London to draw on Paris; the exchange between the United States and Paris being 18 cents per franc; between London and Paris 24 francs 25 centimes per £ sterling; and between Hamburgh and London 13 marks banco per £ sterling. How many cents per m banco does the American merchant pay by this course change? ex 132. A merchant in the United States being indebted in London, remits bills on Paris to his correspondent in that city, and directs him to obtain bills of Paris on Lisbon and remit them to his creditor in London; the exchange between the United States and France being 18 cents per franc; between Paris and Lisbon 465 rees per ecu of 3 francs; and between London and Lisbon 63d sterling per milree. In this course of exchange, how many pence sterling are paid with one dollar of the United States? In the preceding examples, no notice is taken of the expenses incident to exchange operations, such as commission, brokerage, interest, &c.; but in all transactions. of business, it is necessary to make allowance for the difference of charges between direct and indirect exchanges, in order to decide on the preference of the one to the other. FOREIGN COINS. THE SILVER COINS of foreign countries, rendered current in the United States, by Act of Congress, are as follows. Spanish dollars and parts thereof, at 100 cents the dollar. Dollars of Mexico, Peru, Chili, and Central America, of not less weight than 415 grains each, and those restamped in Brazil of the like weight, and of not less fineness than 10 oz. 15 dwt. pure silver in the Troy pound, all at 100 cents the dollar. The Fivefranc pieces of France, weighing 384 grains each, and of not less fineness than 10 oz. 16 dwt. pure silver in the Troy pound, at 93 cents the piece THE GOLD COINS of foreign countries, with their respective weights, and values, are stated in the following. TABLE. Those of the countries printed in Italics are rendered current, by Act of Congress. Names of Countries and Coins. AUSTRIAN DOMINIONS. Souverein, Double Ducat, Hungarian, Ducat Weight dut.. Value. Scts m |